Sinead's Feed
Sep 3, 2013

Bumper Vodafone sale to help UK stocks

LONDON (Reuters) – Shares in other telecoms companies, stocks with high dividends and firms eyeing share sales may all get a boost when UK-focused fund managers redeploy cash from Vodafone’s sale of Verizon Wireless.

Barclays (BARC.L: Quote, Profile, Research, Stock Buzz), Lloyds Banking Group (LLOY.L: Quote, Profile, Research, Stock Buzz), BT Group (BT.L: Quote, Profile, Research, Stock Buzz) could be among the London-listed beneficiaries when Vodafone (VOD.L: Quote, Profile, Research, Stock Buzz) shareholders get $84 billion from the sale of its stake in Verizon Wireless to Verizon Communications.

Aug 30, 2013

Vodafone investors split on best use of Verizon windfall

LONDON (Reuters) – Top investors in Vodafone Group (VOD.L: Quote, Profile, Research, Stock Buzz) are set to clash over what the company should do with perhaps as much as $130 billion in proceeds from the sale of its stake in Verizon Wireless, which is expected to be announced imminently.

Vodafone shareholders contacted by Reuters as talks continued between the British firm and Verizon Communications (VZ.N: Quote, Profile, Research, Stock Buzz) were split between those wanting to see the cash returned as dividends and those wanting the firm to invest it.

Aug 22, 2013

Activist investor Bramson stands down as F&C chairman

LONDON, Aug 22 (Reuters) – Activist investor Edward Bramson
has stepped down as chairman of F&C Asset Management,
the fund firm he took control of in a 2011 boardroom coup, after
reshuffling its strategy and management team.

The press-shy veteran investor, who has built a reputation
for boosting performance at struggling quoted companies, has
relinquished the role after completing a turnaround programme
aimed at improving F&C’s earnings and lifting its flagging
shares, a source close to the company said.

Aug 21, 2013

Lloyds Banking sells German life insurer for $400 mln

LONDON, Aug 21 (Reuters) – British lender Lloyds Banking
Group has sold German life insurer Heidelberger Leben
to private equity group Cinven and reinsurer Hannover Re
for around 300 million euros ($400 million), raising
hopes that the state-rescured bank is moving closer to restoring
its dividend.

The deal, which will boost Lloyds’ core capital by 400
million pounds, and the separate sale on Wednesday for 254
million pounds of a portfolio of leveraged loans, helps
strengthen the bank’s balance sheet and could accelerate
government plans to start selling down its 39 percent stake,
analysts said.

Aug 20, 2013

Family comes first for risk-averse fund managers

LONDON, Aug 20 (Reuters) – Investors seeking less volatile
returns from their stock portfolios are turning their attention
to family-owned firms that play for pride as well as profit.

In the wake of the 2007-09 financial crisis, when investors
worldwide were badly burnt by companies’ laxer attitude to risk,
some fund managers are increasingly drawn to firms with family
legacies to protect.

Jul 28, 2013

Europe banks get set for dividend lift – if regulators allow

LONDON, July 29 (Reuters) – A clutch of European banks are
primed to lift dividends to put them back on the radar of
yield-hungry investors after years spent using cash to repair
balance sheets.

HSBC, UBS, BNP Paribas,
Standard Chartered, Swedbank and other banks
in Switzerland, France and Sweden could lead the way back to
bigger payouts.

Jul 21, 2013

Cost of weeding out criminals and tax cheats hits private banks

LONDON, July 22 (Reuters) – Private banks managing the
financial affairs of the world’s wealthy face spending millions
of dollars every year on vetting new clients, as regulators get
tough on banks that harbour tax cheats and money launderers.

While the world’s rich are getting wealthier and putting
more money into private banks, a growing proportion of the cash
is from geo-political troublespots in the Middle East and Asia.

Jul 10, 2013

Activist investors keep lower profile in Europe

LONDON (Reuters) – As activist investors launch more high profile corporate battles in the United States, in Europe they are eschewing public hectoring for private talks.

Aggressive activism has had mixed results in Europe, where protracted fights have on occasion driven down share prices and put off other shareholders instead of bringing about the changes the activist investors demand.

Jul 4, 2013

Emerging markets mania was a costly mistake: Goldman executive

LONDON (Reuters) – Investors who wrongly called time on U.S. economic supremacy during the financial crisis are set to pay a hefty price for betting too much on the developing world, according to a top Goldman Sachs strategist.

The U.S. investment bank helped inspire a twenty-fold surge in financial investment in China, India, Russia and Brazil over the past decade, its chief economist popularizing the term BRICs in a 2001 research paper.

Jul 4, 2013

Emerging markets mania was a costly mistake -Goldman exec

LONDON, July 4 (Reuters) – Investors who wrongly called time
on U.S. economic supremacy during the financial crisis are set
to pay a hefty price for betting too much on the developing
world, according to a top Goldman Sachs strategist.

The U.S. investment bank helped inspire a twenty-fold surge
in financial investment in China, India, Russia and Brazil over
the past decade, its chief economist popularising the term BRICs
in a 2001 research paper.